When you get a tax refund, that just means you’ve been loaning the government money interest-free throughout the year—and they’re just returning money to you that was already yours. So, from now on, whenever you get a tax refund, I want you to imagine Uncle Sam saying, “Whoops, sorry about that! Here’s your money back.”
So, why do we act like kids on Christmas morning when the IRS gives us a refund? Think about it: When the IRS sends you that refund check, they’re just giving you your money back. That’s why it’s called a tax refund. We hate to break it to you, but Santa Claus doesn’t live in Washington, D.C.!
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